End of an Era

So I see that US Steel is buying Hamilton's Stelco Limited for over $1 billion (US). The sale marks the end of an era, for Stelco was the last major Canadian-owned steelmaker. The other three majorss -- Dofasco, Ipsco, and Algoma Steel -- have already been purchased by foreign firms.

Not that it really matters any more.

Once upon a time, you could identify firms as being Canadian, American, or British, but I don't think that is the case anymore. Executives at firms think in terms of what is best for the company, not what is best for the country. Just ask any of the millions of Canadian, American, and British workers whose high-paying jobs have been outsourced to areas with less employee protection and considerably lower wages. I suppose it is just another side effect of globalization.